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Martin Schwoerer's avatar

I can't see your YTD data, but since I assume it's close to your 6-month performance, then you're in the neighborhood of 30%. Which is fantastic, congratulations!

Personally, I'm only around double the SPY, which is good enough for me, as I'm holding around 25% cash, and I stll have some energy and commodity assets as a hedge.

I don't like this euphoric IPO era, and neither does Ken Fisher -- in fact, he considers it to be one of the major risks for 2026.

https://www.youtube.com/watch?v=dFJe2-PvOrs

So, it's not just the dilution of the Nasdaq that is worrisome -- it's where we'd be on the speculative scale.

How do you think about this topic?

Jaewon Jung's avatar

Hi, Martin. The 6-month number is being distorted by a retired strategy, so the portfolio's YTD performance actually slightly lags SPY. So congrats to you! Doubling the SPY sounds fantastic (especially with 25% cash) in my view :) Yeah, thanks for sharing the video. Ken Fisher tends be more of a perma bull than a perma bear, so it's worth listening to when he sounds an alarm, I think.

Freebird Kim's avatar

Thank you.

So, from now on, will I only be uploading portfolios without the JJ series or other topics?

Jaewon Jung's avatar

No. I'm just going through a temporary hiatus due to the personal situation. 🙂 I'm still sticking to the monthly portfolio updates, though, as you see.